What Are ICOs And Are They Scammy?

[just_Alice]

What Are ICOs And Are They Scammy?

There are tons of discussions related to this topic on BTT, like this one regarding scam ICOs: https://bitcointalk.org/index.php?topic=1963768.0
ICO is a form of raising funds, that is very similar to crowdfunding (if you haven't heard of that one - it's when people are offered to invest in a certain project and receive stakes as a form of reward). ICOs are related to cryptocurrency world, the products of ICOs differ though, from medicine related projects to entertainments and AI. ICOs started launching in 2016, reaching top point in 2018: total number of ICOs 712, approximate amount raised by ICOs is 17.8 billion USD according to coinschedule data - https://www.coinschedule.com/stats.html?year=2018
Top 5 ICOs ever are Filecoin, Tezos, EOS, SIRIN LABS Token and Bancor: https://www.cnbc.com/2018/07/13/initial-coin-offering-ico-what-are-they-how-do-they-work.html

[itasannah]

it all depends on how we see a project. if we have negative thoughts about a project then we will be afraid to join in it. we must know that there are some risks that will be gained in the world of cryptocurrency, and we must be able to avoid it. one of them is by choosing a good ico. it will make us avoid unwanted things.

[StarKay]

Some ICOs are set out from the onset to scam people, some good ICO can also turn to scam due to the team's inability to meet their roadmap. Some ICO also run foul of regulation thereby forcing government shutdown.
So yes ICO can be scammy but there are still good ones that are relevant and successful.

[annasadia]

ICO literally stands for Initial Coin Offerings; in meaning; ICOs are the project of fundraisers of various projects; companies; programs; and events. ICO has accelerated the Coin business in the world by offering tokens worth of coins in the meaning of Crypto-currencies. It is very important for the crypto-space; as it becomes. ICOs being the scam; fraud etc as it is not regulated by any authority thus stands in Crypto-market where e=verything is based on freedom. We need ICOs; We should check them deeply before involving in them.

[rosstiller]

ICOs; also known as initial coin offerings; are when companies provide pre saling of tokens on discounted prices before a launch of a new coin. Most of the ICOs are pretty quality based and reliable; although you should always look at the team behind its developement. Are they reliable?

[Olayinka225]

ICO is been called Initial Coin Offering.

Ico is meant for the fund raising of a particular project or vision. Ico is used as a medium to actualize the project by individual funding and assistance. Most of the ico's goes through this process while some don't. Some might go through the medium of selfdrop and all are just good.

[Irkytsk38rus]

I think in the next couple of years the situation will change and only projects that really want to work and improve the entire infrastructure will appear on the market, for today most of the projects are just scammers

[Tappertit]

The full form of ICO is initial coin offering. Here capitals must be raised by crowdfunding with using various cryptocurrencies. These days the rate of scammed ICO has increased a lot. We need to be very careful before investing on an ICO project.

[zhuiyongliang8]

There are a lot of hoaxes in the ICO today, since it's an unregulated and fragmented market, and there's no compelling reason to apply for any licenses or allow people to send an ICO at any time.

[xonecoinlovers]

Indeed, lately there are many ICO that are scam, but there are also many ICO that aren't.
I think we just have to be more careful when selecting an ICO to invest our money on.
Choose wisely and so we'll get avoided from any scam ICO as possible.

[voltagecrypto98]

ICO is more like the offering of these coins in the initial stage through private sales before they get enlisted in the market and be open to the general public. And yes; most of them are scams. That is why we need to be careful before investing in them.

[konomi]

Hello doctor, you are a noble profession. ICO is a way for the project team to finance. For example, if you need to run a dental hospital but your funds are not enough, you can raise funds like this in the world, and then your profitable profits. Distribute to every investor who participates in your ICO. But now many ICOs are scams. Many of the projects you know are entrepreneurial, and entrepreneurship is very difficult.

[jyotianand01]

What Are ICOs And Are They Scammy?

ICO means initial coin offering and it works like a new public offer of shares but that market is regulated and till now, no regulations are there to tackle with the mischief of any ICO. Many countries banned ICO investment before regulation as they don't want that their people lost their hard earned money if someone does any scam. Many ICO gives decent returns to their investors but not all ICO are up to the mark.

[Youggairch]

Generally ICO means initial coin offering and it looks like the initial public offering of the stock market. When a coin comes for the first time in this market; it goes for ICO.ICO can be scammy or can be not. Be very much careful when investing in the ICO project.

[a2zC]

Every company starts their business by launching their coins and this launching is referred to as ICO.S The meaning of the ICO is “initial coin offering”. Actually not all the ICOs are scammy but it is very difficult to understand at first.

[sumaneaiyandiya]

Obviously the circumstance available with ICOs is more negative now than a few years back, yet it isn't the end, and it isn't the catastrophe. It was clearly that such a "scrumptious theme" like chance to gather and get a considerable measure of cash will pull in individuals that are innovative however not fair. Be that as it may, there are loads of undertakings with great fascinating point of view thoughts and reliable. Obviously it is now and again difficult to recognize the trick venture and the reliable one, however it is possible))))

[biznes35]

You can consider ICO, for the most part, as Internet startups that have nothing at heart, but they are very eager to earn and will use all their strength to invest in their well-being.

[DonTsTop]

What Are ICOs And Are They Scammy?

ICOS are initial coin offering and they are also very good ways to make profit. Though most of them are scam but f you take your time to do a very good research, you will find very good projects to invest in and make profit from it.

[pr0bvk]

ICO is a form of capital raising for project development, of course there will be many fraudulent ICOs, let's thoroughly understand the ICO you want to participate in.

[amitkumratra]

When some persons decide to work on a project and they want huge fund for this they form company and issue ICO which means "Initial Coin Offer" in which they will give their coins to the partners or investors and after listing on exchange the coins will give decent return to the investors.
Here are many ICOs are running so invest only in good ICO projects who have good team and working project. Because now-a-days many scam ICOs are also running who take away your hard earned money.
According to me every-time be careful beware of scam ICOs, and for this read-out the whole details of ICO projects and if found good then invest in it and if not find suitable then don't invest in that ICO.